Housing Prices in Southaven, MS
How much do homes in Southaven, MS cost?
Median List Price
$294,922
$156/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Southaven has decreased by 2.1% since last year.
Summary: The median home list price in Southaven was $294,922 in March 2024, down 2.1% from the previous year, and the median price per square foot was $156.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.9K | $195K | +8.4% |
| 3 Bedrooms | $267.4K | $259.9K | -2.8% |
| 4 Bedrooms | $329K | $327K | -0.6% |
| 5+ Bedrooms | $420.9K | $425K | +1.0% |
Summary: Southaven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 1%.
Median List Price Compared To Nearby Cities
| Horn Lake | $210K | $225K | +7.1% |
| Hernando | $375K | $379.3K | +1.1% |
| Olive Branch | $353K | $354.9K | 0.5% |
| Nesbit | $388.4K | $387.9K | -0.1% |
| Southaven | $301.4K | $294.9K | -2.1% |
Housing Supply in Southaven, MS
How many homes are available in Southaven, MS?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 366 | 409 | +11.7% |
Summary: The Southaven real estate market had 409 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 31 | +19.2% |
| 3 Bedrooms | 151 | 163 | +7.9% |
| 4 Bedrooms | 151 | 170 | +12.6% |
| 5+ Bedrooms | 38 | 45 | +18.4% |
Summary: The Southaven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 18.4%.
Days on Market for Southaven, MS
How long does it take to sell a home in Southaven, MS?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 195 Days | 249 Days | +27.4% |
Summary: Homes in Southaven had an average listing age of 249 days in Mar 2024, up by 27.4% compared to the previous year.
